Pantera Reported Launch Fundraiser to Buy $250M SOL From FTX Estate
According to reports, Pantera Capital’s asset management firm is raising funds to purchase Solana (SOL) tokens from its stash, worth around $5.4 billion, from the estate of the defunct FTX exchange. Pantera is soliciting capital for the Pantera Solana Fund, which, according to marketing materials obtained by Bloomberg from prospective investors, seeks to acquire Solana’s […]
Binance Temporarily Suspends Solana Withdrawals
Due to an “increased volume of transactions,” Binance cryptocurrency exchange has temporarily suspended withdrawals to the Solana network. A Binance statement issued on March 6 states that the exchange anticipates resuming withdrawals on March 9 following the implementation of a solution. “Uniform suspensions of withdrawals on the Solana (SOL) network have been in effect since […]
Solana NFTs Trade Hit All-time Sales Volume of $5B
Solana-based Nonfungible tokens (NFTs) trade reached a record-breaking $5 billion in sales volume following a surge in NFT trading activity on the blockchain over the past months. As of February 23, the data aggregator CryptoSlam reported that the Solana network-based NFT sales volume had reached a record-breaking $5,013,847,972. According to the data, the blockchain has […]
Aptos Debuts $99 Crypto Smartphone to Rival Solana’s Saga
The Aptos Foundation has partnered with Jambo Technologies to launch a $99 Web3 smartphone dubbed JamboPhone, rivaling Solana’s Saga. On February 15, Aptos Foundation announced via a blog post that it has partnered with African tech firm Jambo to launch JamboPhone, the competitor to Solana’s Saga. Jambo reports that the smartphone, which has a 6.5-inch […]
Solana Outage: What Caused It and How It Was Fixed
Solana, a fast-growing blockchain platform, suffered a five-hour outage earlier this month due to a technical glitch. Solana Labs has released a root cause analysis and a solution to prevent future incidents. Solana, a blockchain platform that claims to offer high speed, low cost, and scalability, faced a major disruption on February 4, 2024. The […]